March 13, 2002

Notice by the Directorate of Offshore Gaming in
Antigua and Barbuda, regarding

Timebet.com

It has been brought to the attention of the Directorate of Offshore Gaming, that customers of Timebet.com have been experiencing difficulties with their accounts.

Timebet on its website advertises contact details within Antigua and Barbuda and Mr. Edmund Chen is listed as being the operator of this company.

Timebet.Com is not a registered gaming company within the jurisdiction of Antigua and Barbuda. According to our records, Timebet.Com has never sought a license to conduct wagering within Antigua and Barbuda.

The Directorate of Offshore Gaming has received some complaints from customer's regarding this company. Though not a registered company within the jurisdiction, we view the company's fraudulent statements as being cause for significant concern.

Activities of this company have been referred to the Authorities for possible sanction. This company has been subject to a suspicious transaction report under the provisions of Antigua and Barbuda's Money Laundering Prevention Act.

Antigua and Barbuda will not allow companies to tarnish the reputation and integrity of this jurisdiction. Where such activities have been identified, we will seek to prosecute all such companies to the full extent of the law available to us at both the local and international level.

Ronald Maginley,
Director
Directorate of Offshore Gaming, Antigua and Barbuda.

The Mutual Financial Center
#9 Factory Road
Suite 216
St. John's
Antigua

Tel. #: (268) 481 - 3300
Fax #: (268) 481 - 3305
Email: director@antiguagaming.gov.ag